Two Keiter Construction Specialists Published by Construction Business Owner

Posted on 06.03.15

Authors: Matt McDonald, CPA/CFF, CFE and Brett Sinsabaugh, CPA

Matt and Brett discuss the importance of surety bonds in the construction industry and the necessity of precise financial statements for effective bonding.

“Surety bonds are arguably one of the most important aspects of a construction business. Without these bonds, contractors are unable to make bids, secure new business or continue work on projects. While the construction companies know the value surety bonds have, they often make broad guesses regarding assurance, which could negatively impact them financially.”

For more information regarding financial statement preparation, presentations, and supplementary schedules, please contact a Business Assurance and Advisory member of the Keiter Real Estate and Construction Industry team. information@keitercpa.com | 804.747.0000

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Matt has more than 18 years in public accounting providing audit, tax, and consulting services for HUD financed housing, VHDA financed housing and construction, not-for-profit organizations, construction, retail, and manufacturing clients. Matt provides insights and opportunities to a variety of businesses, including multi-state privately held businesses and companies with single location operations. He is a member of Keiter’s construction and manufacturing industry teams. Read more of Matt's accounting insights here.

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Brett’s client focus is primarily in the real estate and construction industry. Brett is a member of the Firm’s Real Estate and Construction industry team. Brett received his Bachelor of Arts from Christopher Newport University and received his post baccalaureate certificate in Accounting from Virginia Commonwealth University. Read more of Brett’s accounting insights here.

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

Brett’s client focus is primarily in the real estate and construction industry. He also provides audit and business assurance services to privately-held businesses to clients in the manufacturing, retail and distribution, and technology industries, as well as employee benefit plan audits and not-for-profit organizations. Brett is a member of the Firm’s Employee Benefits team and Real Estate and Construction industry team.

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Accounting | Tax | Audit – Keiter CPAs is a certified public accounting firm serving the audit, tax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial-services, construction, real estate, manufacturing, retail & distribution industries and nonprofits. We also provide business valuations and forensic accounting services, family office services, and inbound international services.